### Title IBM uses AI to convert COBOL code into Java ### Important Facts - 📅 COBOL is one of the oldest programming languages, dating back to around 1959. - 💻 Over 800 billion lines of COBOL are currently in use on production systems. - 🔀 IBM is leveraging artificial intelligence (AI) technology for translating COBOL code to Java. ### Secondary Facts - 🔄 The number of lines of COBOL in use has increased from an estimated 220 billion in 2017. - 🖥️ COBOL is known as Common Business Oriented Language.

Source: https://techcrunch.com/category/artificial-intelligence/

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Private equity firm Trive Capital acquires AI company Hypergiant Industries ### Important Facts - 🏢 Private equity firm Trive Capital has acquired AI company Hypergiant Industries. - 💰 The deal will provide capital to Hypergiant Industries for faster growth. - 🌎 Hypergiant Industries is based in Texas. - 🔒 The terms of the deal were not disclosed. ### Secondary Facts - 🗞️ The news was revealed in an interview with Hypergiant CEO Mike Betzer. - 🤝 Trive Capital aims to support Hypergiant Industries' expansion.

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Meta releases AI model SeamlessM4T for transcribing and translating 100 languages ### Important Facts - 🌍 Meta has developed an AI model called SeamlessM4T that can translate and transcribe close to 100 languages across text and speech. - 🎙️ SeamlessM4T is a significant breakthrough in the field of AI-powered speech-to-speech and speech-to-text. - 💻 The AI model, along with the translation data set SeamlessAlign, is available in open source. ### Secondary Facts - 🔬 Meta's goal is to develop AI that can understand various dialects. - 📚 SeamlessM4T represents a major advancement in language translation technology.

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Relume, a bootstrapped AI web builder, chooses product focus over venture capital ### Important Facts - 💼 Relume is an AI web builder that has chosen to bootstrap instead of seeking venture capital funding. - 💰 The current wave of generative AI breakthroughs has attracted $14 billion in equity funding as of August this year. - 🚀 Relume believes that bootstrapping allows them to build a better product and prioritize customer satisfaction. - 👥 Dan Anisse is the co-founder of Relume and emphasizes the importance of focusing on building a product that can generate revenue. ### Secondary Facts - 🌐 Figma and Webflow are two platforms that Relume aims to supercharge with its AI capabilities. - 📅 Relume was launched in November 2021.

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Meta to Introduce Non-Personalized Content Feeds on Facebook and Instagram in Europe ### Important Facts - 📢 Meta confirms the introduction of non-personalized content feeds on Facebook and Instagram in the European Union. - ⏰ The move is in compliance with the August 25 deadline set by the Digital Services Act (DSA). - 💻 The DSA is a rebooted digital rulebook for the EU. - 🤝 TikTok had previously announced a similar change earlier this month. ### Secondary Facts - 🌍 The non-personalized content feeds are specifically targeted for users in the European Union. - 📱 This update aims to align with the regulations outlined in the DSA.

Source: https://techcrunch.com/category/artificial-intelligence/

### Title How venture capitalists evaluate generative AI startups ### Important Facts - 💡 The launch of ChatGPT in November 2022 marked the beginning of the Age of AI. - 💼 Venture capitalists have had to develop strategies to identify high-potential AI startups. - 📈 AI has become a prominent feature in pitch decks since December. - 🚀 VC evaluation aims to separate promising startups from those with insurmountable challenges. - 🔍 The evaluation process helps determine which startups can achieve venture scale. ### Secondary Facts - 🌐 The tech industry has been transformed by the advent of AI. - ⏱️ VCs need to quickly adapt to the emergence of new technologies. - 🎯 Identifying hype and potential obstacles is crucial for investment decisions.

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Match Group appoints Mark Kantor as VP of Innovation to lead AI-focused team ### Important Facts - Match Group, the company behind dating apps like Tinder and OkCupid, has appointed Mark Kantor as Vice President of Innovation. - Mark Kantor is a former Zynga head of growth and co-founder of startups Yellowbrick and Graffiti. - Kantor will lead a small team of engineers and designers focused on bringing new technologies to Match Group's apps. ### Secondary Facts - Match Group has been experimenting with AI-powered features on Tinder. - The appointment of Mark Kantor signifies Match Group's commitment to integrating AI into their dating apps.

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Snapchat expands generative AI with 'Dreams' feature ### Important Facts - Snapchat is expanding its generative AI features with a new feature called "Dreams" - The AI-powered chatbot My AI can now respond with a Snap back, not just text - The "Dreams" feature will allow users to have themselves and their friends in imaginative backgrounds ### Secondary Facts - Snapchat previously launched the AI-powered chatbot My AI - The company is experimenting with AI images through the "Dreams" feature

Source: https://techcrunch.com/category/artificial-intelligence/

### Title Developers are using AI to generate music from text ### Important Facts - Developers are utilizing Large Language Models (LLMs) and Generative AI tools like ChatGPT for various applications, including writing emails, summarizing articles, and now generating bits of music. - The rise in popularity of LLMs and Generative AI tools has enabled developers to mold text in different ways. - By simply typing some words, users can now generate pieces of music with the help of AI technology. ### Secondary Facts - The use of AI for text-to-music apps is a new trend among developers. - The news highlights the increasing adoption of AI technologies in creative fields such as music generation.

Source: https://techcrunch.com/category/artificial-intelligence/